Great Depression Facts – 43 Interesting Facts About Great Depression

Interesting Facts About the Great Depression

The first step was to bring all the banks under federal control and this move helped to stabilize the banking system.

Using the power of radio to enthuse new optimism in the American people Roosevelt established a weekly broadcast called the “Fireside Chats”, to speak directly to Americans.

The new deal was followed by a second round of New Deal which brought more radical reforms in the economy. It included the Works Progress Administration, the Rural Electrification Administration and the National Labor Relations Act.